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Lara Exploration Ltd.
Summary
| Project: | Corina | |
|---|---|---|
| Deposit: | Corina | |
| Location: | Peru | |
| Commodities: | Gold-Silver | |
| Date: | 10/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-10-2019: Lara Exploration Ltd. announces an Exploration/Drilling Update report for its Corina deposit at the Corina project. Drilling results incl. 16.00m @ 6.00g/t Au, 28.68g/t Ag from 186.60m. October 1, 2019 (TSX Venture: LRA) - Lara Exploration Ltd. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Bennell (Internal) | |
| ABSTRACT: | October 1, 2019 (TSX Venture: LRA) - Lara Exploration Ltd., (“Lara” or the “Company”) is pleased to report that partner Compañía Minera Ares S.A.C. ("Ares"), a subsidiary of London-listed Hochschild Mining plc., has reported multiple gold and silver intercepts from diamond drilling at the Company’s Corina Gold Project in southern Peru. The main targets of the Corina Gold Project lie within the Calcauso community, Antabamba region, Apurimac Department in Southern Peru. The geological setting is a belt of Tertiary-age volcanic rocks that also host Ares’s Pallancata and Immaculada mining operations and past producer Selene, with Lara’s project located approximately 15km north (approximately 25km by road) of the mill at Selene, which currently processes ore from the Pallancata mine. At Corina the host rocks are mostly felsic tuffs, cut by an E-W fault, with brecciation and veining that has been mapped at surface over several kilometres. Mineralization is typically hosted by zones of brecciation with silicification, stockworks and quartz veining, within two sub-parallel structures denominated Corina and Micky. The Corina structure is mineralized, but has so far returned lower grades and carries grey-white quartz and pyrite. The Micky structure has returned better grades, associated with chalcedonic quartz and coliform textures typical of low sulphidation epithermal alteration systems. The current working hypothesis is that the better intercepts on the Micky structure represent shoots that plunge shallowly to the east (comparable to the comportment of the Pablo-Yurika silver vein at Pallancata and the Angela gold vein at Immaculada). | |
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